This property might be a fair Mid-Term investment with a projected 8.05% first-year return on $57,690 initial cash invested.
8.05%
Cash On Cash
9.73%
Cap Rate
1.48
DSCR
$2,820
Rent
$387
Cashflow
Cash Flow
$2,820 income − $2,433 expenses = $387 cash flow
Investment Breakdown
|
Purchase Price
$189k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$57,690
Downpayment
20%
$37,800
Closing costs
1%
$1,890
Rehab
0%
$0
Furnishing
10%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$2,433
Mortgage P&I
37%
$1,033
Property Taxes
13%
$373
Home Insurance
2%
$68
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310